IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v15y2023i5p4568-d1087149.html
   My bibliography  Save this article

A State-of-the-Art Review of Sharing Economy Business Models and a Forecast of Future Research Directions for Sustainable Development: A Bibliometric Analysis Approach

Author

Listed:
  • Carson Duan

    (UNE Business School, University of New England, Armidale, NSW 2350, Australia)

Abstract

The area of sharing economy business models (SEBMs) is expanding worldwide. To date, a few qualitative literature reviews concentrating on specific business models have been undertaken, while several have focused on the general concept of the sharing economy. Meanwhile, there is a lack of quantitative reviews in this area. Therefore, a retrospective review of the evolution of the SEBM area and prospective forecasts based on quantified data are urgently needed. In order to fill the gaps and critically evaluate the extant literature on the SEBM area and its scientometrics-related topics, this paper combines the Scopus and Web of Science databases to establish a dataset for a thorough bibliometric analysis. With 951 studies from 552 sources identified, this research provides comprehensive and nuanced information covering the most influential authors and their contributions to the subject, impactful articles with their citation details, ranked sources with their h_, g_ and m-index as well as collaboration maps for authors, affiliations and countries. Graphical representation of knowledge mapping depicts the evolution of publications over time and the emerging trends of current interests and potential directions for future research for sustainable development. This study revealed that Sustainability is the most relevant and second most impactful journal in SEBM research. More importantly, this research deployed keyword dynamic and thematic evolution to detect the current and future trending topics, providing seven future research directions: (1) drivers-, location- and competition-related topics; (2) SEBMs in emerging economies; (3) country-, region- and culture-oriented SEBMs; (4) the link between e-commerce and social media frameworks and SEBMs; (5) sustainability and SEBMs; (6) new technologies and SEBMs and (7) COVID-19 effects on SEBMs. Overall, the results of this study theoretically enrich the sharing economy business model literature and have substantial implications for policymakers and practitioners.

Suggested Citation

  • Carson Duan, 2023. "A State-of-the-Art Review of Sharing Economy Business Models and a Forecast of Future Research Directions for Sustainable Development: A Bibliometric Analysis Approach," Sustainability, MDPI, vol. 15(5), pages 1-37, March.
  • Handle: RePEc:gam:jsusta:v:15:y:2023:i:5:p:4568-:d:1087149
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/15/5/4568/pdf
    Download Restriction: no

    File URL: https://www.mdpi.com/2071-1050/15/5/4568/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Donthu, Naveen & Kumar, Satish & Mukherjee, Debmalya & Pandey, Nitesh & Lim, Weng Marc, 2021. "How to conduct a bibliometric analysis: An overview and guidelines," Journal of Business Research, Elsevier, vol. 133(C), pages 285-296.
    2. Cristina Veith & Simona Nicoleta Vasilache & Carmen Nadia Ciocoiu & Andreea Chițimiea & Mihaela Minciu & Andreea-Mariana Manta & Iyad Isbaita, 2022. "An Empirical Analysis of the Common Factors Influencing the Sharing and Green Economies," Sustainability, MDPI, vol. 14(2), pages 1-22, January.
    3. Aria, Massimo & Cuccurullo, Corrado, 2017. "bibliometrix: An R-tool for comprehensive science mapping analysis," Journal of Informetrics, Elsevier, vol. 11(4), pages 959-975.
    4. Bianca Tescașiu & Gheorghe Epuran & Alina Simona Tecău & Ioana Bianca Chițu & Janez Mekinc, 2018. "Innovative Forms of Economy and Sustainable Urban Development—Sharing Tourism," Sustainability, MDPI, vol. 10(11), pages 1-18, October.
    5. Täuscher, Karl & Laudien, Sven M., 2018. "Understanding platform business models: A mixed methods study of marketplaces," European Management Journal, Elsevier, vol. 36(3), pages 319-329.
    6. Lutz, Christoph & Newlands, Gemma, 2018. "Consumer segmentation within the sharing economy: The case of Airbnb," Journal of Business Research, Elsevier, vol. 88(C), pages 187-196.
    7. Benoit, Sabine & Wang, Yonggui & Teng, Lefa & Hampson, Daniel P. & Li, Xia, 2022. "Innovation in the sharing economy: A framework and future research agenda," Journal of Business Research, Elsevier, vol. 149(C), pages 207-216.
    8. Pies, Ingo & Hielscher, Stefan & Everding, Sebastian, 2020. "Do hybrids impede sustainability? How semantic reorientations and governance reforms can produce and preserve sustainability in sharing business models," Journal of Business Research, Elsevier, vol. 115(C), pages 174-185.
    9. Cao, Lanlan & Manthiou, Aikaterini & Ayadi, Kafia, 2022. "Extension and customer reaction on sharing economy platforms: The role of customer inertia," Journal of Business Research, Elsevier, vol. 144(C), pages 513-522.
    10. Henni, Sarah & Staudt, Philipp & Weinhardt, Christof, 2021. "A sharing economy for residential communities with PV-coupled battery storage: Benefits, pricing and participant matching," Applied Energy, Elsevier, vol. 301(C).
    11. Rojanakit, Patcharapar & Torres de Oliveira, Rui & Dulleck, Uwe, 2022. "The sharing economy: A critical review and research agenda," Journal of Business Research, Elsevier, vol. 139(C), pages 1317-1334.
    12. Schaefers, Tobias & Leban, Marina & Vogt, Florian, 2022. "On-demand features: Consumer reactions to tangibility and pricing structure," Journal of Business Research, Elsevier, vol. 139(C), pages 751-761.
    13. Bouncken, Ricarda & Ratzmann, Martin & Barwinski, Roman & Kraus, Sascha, 2020. "Coworking spaces: Empowerment for entrepreneurship and innovation in the digital and sharing economy," Journal of Business Research, Elsevier, vol. 114(C), pages 102-110.
    14. Govindan, Kannan & Shankar, K. Madan & Kannan, Devika, 2020. "Achieving sustainable development goals through identifying and analyzing barriers to industrial sharing economy: A framework development," International Journal of Production Economics, Elsevier, vol. 227(C).
    15. Liu, Jingkun & Zhang, Ning & Kang, Chongqing & Kirschen, Daniel & Xia, Qing, 2017. "Cloud energy storage for residential and small commercial consumers: A business case study," Applied Energy, Elsevier, vol. 188(C), pages 226-236.
    16. Verma, Surabhi & Gustafsson, Anders, 2020. "Investigating the emerging COVID-19 research trends in the field of business and management: A bibliometric analysis approach," Journal of Business Research, Elsevier, vol. 118(C), pages 253-261.
    17. Meisam Ranjbari & Gustavo Morales-Alonso & Ruth Carrasco-Gallego, 2018. "Conceptualizing the Sharing Economy through Presenting a Comprehensive Framework," Sustainability, MDPI, vol. 10(7), pages 1-24, July.
    18. Sutherland, Will & Jarrahi, Mohammad Hossein, 2018. "The sharing economy and digital platforms: A review and research agenda," International Journal of Information Management, Elsevier, vol. 43(C), pages 328-341.
    19. Aaron Tham, 2016. "When Harry met Sally: different approaches towards Uber and AirBnB—an Australian and Singapore perspective," Information Technology & Tourism, Springer, vol. 16(4), pages 393-412, December.
    20. Li Cui & Ying Hou & Yang Liu & Lu Zhang, 2021. "Text mining to explore the influencing factors of sharing economy driven digital platforms to promote social and economic development," Information Technology for Development, Taylor & Francis Journals, vol. 27(4), pages 779-801, October.
    21. Horn, Keren & Merante, Mark, 2017. "Is home sharing driving up rents? Evidence from Airbnb in Boston," Journal of Housing Economics, Elsevier, vol. 38(C), pages 14-24.
    22. Klarin, Anton & Suseno, Yuliani, 2021. "A state-of-the-art review of the sharing economy: Scientometric mapping of the scholarship," Journal of Business Research, Elsevier, vol. 126(C), pages 250-262.
    23. Zheng, Boshen & Wei, Wei & Chen, Yue & Wu, Qiuwei & Mei, Shengwei, 2022. "A peer-to-peer energy trading market embedded with residential shared energy storage units," Applied Energy, Elsevier, vol. 308(C).
    24. Ricarda B. Bouncken & Sascha Kraus & Norat Roig-Tierno, 2021. "Knowledge- and innovation-based business models for future growth: digitalized business models and portfolio considerations," Review of Managerial Science, Springer, vol. 15(1), pages 1-14, January.
    25. Jorge Tello‐Gamarra & Carlai Netto, 2022. "The sharing economy in social media: An institutional analysis in an emerging country," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(4), pages 988-999, June.
    26. Karla Münzel & Wouter Boon & Koen Frenken & Taneli Vaskelainen, 2018. "Carsharing business models in Germany: characteristics, success and future prospects," Information Systems and e-Business Management, Springer, vol. 16(2), pages 271-291, May.
    27. Valentina Della Corte & Giovanna Del Gaudio & Fabiana Sepe & Fabiana Sciarelli, 2019. "Sustainable Tourism in the Open Innovation Realm: A Bibliometric Analysis," Sustainability, MDPI, vol. 11(21), pages 1-18, November.
    28. Todeschini, Bruna Villa & Cortimiglia, Marcelo Nogueira & Callegaro-de-Menezes, Daniela & Ghezzi, Antonio, 2017. "Innovative and sustainable business models in the fashion industry: Entrepreneurial drivers, opportunities, and challenges," Business Horizons, Elsevier, vol. 60(6), pages 759-770.
    29. Nivedita Agarwal & Robert Steinmetz, 2019. "Sharing Economy: A Systematic Literature Review," International Journal of Innovation and Technology Management (IJITM), World Scientific Publishing Co. Pte. Ltd., vol. 16(06), pages 1-17, October.
    30. Ebru Tumer Kabadayi & Nilsah Cavdar Aksoy & Nihal Yazici & Alev Kocak Alan, 2022. "Airbnb as a sharing economy-enabled digital service platform: The power of motivational factors and the moderating role of experience," Tourism Economics, , vol. 28(3), pages 748-771, May.
    31. Steven Kane Curtis & Matthias Lehner, 2019. "Defining the Sharing Economy for Sustainability," Sustainability, MDPI, vol. 11(3), pages 1-25, January.
    32. Daniel Trabucchi & Laurent Muzellec & Sébastien Ronteau, 2019. "Sharing economy: seeing through the fog," Post-Print hal-03718526, HAL.
    33. Lombardi, P. & Schwabe, F., 2017. "Sharing economy as a new business model for energy storage systems," Applied Energy, Elsevier, vol. 188(C), pages 485-496.
    34. Ioannis Bellos & Mark Ferguson & L. Beril Toktay, 2017. "The Car Sharing Economy: Interaction of Business Model Choice and Product Line Design," Manufacturing & Service Operations Management, INFORMS, vol. 19(2), pages 185-201, May.
    35. Katja Beyer & Marlen Gabriele Arnold, 2022. "Examining the social side of sustainability in the debate on business model innovations in the textile, clothing and fashion industry: a typology based on the value chain perspective," International Journal of Innovation and Sustainable Development, Inderscience Enterprises Ltd, vol. 16(3/4), pages 322-371.
    36. Juana Camacho-Otero & Casper Boks & Ida Nilstad Pettersen, 2018. "Consumption in the Circular Economy: A Literature Review," Sustainability, MDPI, vol. 10(8), pages 1-25, August.
    37. Werner Marx & Lutz Bornmann & Andreas Barth & Loet Leydesdorff, 2014. "Detecting the historical roots of research fields by reference publication year spectroscopy (RPYS)," Journal of the Association for Information Science & Technology, Association for Information Science & Technology, vol. 65(4), pages 751-764, April.
    38. Meijian Yang & Enjun Xia, 2021. "A Systematic Literature Review on Pricing Strategies in the Sharing Economy," Sustainability, MDPI, vol. 13(17), pages 1-28, August.
    39. Yuan, Ruizhi & Luo, Jun & Liu, Martin J. & Yu, Jiang, 2022. "Understanding organizational resilience in a platform-based sharing business: The role of absorptive capacity," Journal of Business Research, Elsevier, vol. 141(C), pages 85-99.
    40. Sascha Kraus & Norat Roig-Tierno & Ricarda B. Bouncken, 2019. "Digital innovation and venturing: an introduction into the digitalization of entrepreneurship," Review of Managerial Science, Springer, vol. 13(3), pages 519-528, June.
    41. Carson Duan, 2022. "E-Platform-Enabled Transnational E-Entrepreneurship: Case Studies of Chinese Immigrant Entrepreneurs in New Zealand," International Journal of E-Entrepreneurship and Innovation (IJEEI), IGI Global, vol. 12(1), pages 1-16, January.
    42. Carson Duan & Bernice Kotey & Kamaljeet Sandhu, 2022. "Towards an Analytical Framework of Dual Entrepreneurial Ecosystems and Research Agenda for Transnational Immigrant Entrepreneurship," Journal of International Migration and Integration, Springer, vol. 23(2), pages 473-497, June.
    43. Choi, Tsan-Ming & He, Yanyan, 2019. "Peer-to-peer collaborative consumption for fashion products in the sharing economy: Platform operations," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 126(C), pages 49-65.
    44. Belk, Russell, 2014. "You are what you can access: Sharing and collaborative consumption online," Journal of Business Research, Elsevier, vol. 67(8), pages 1595-1600.
    45. Muñoz, Pablo & Cohen, Boyd, 2017. "Mapping out the sharing economy: A configurational approach to sharing business modeling," Technological Forecasting and Social Change, Elsevier, vol. 125(C), pages 21-37.
    46. Witold Nowiński & Miklós Kozma, 2017. "How Can Blockchain Technology Disrupt the Existing Business Models?," Entrepreneurial Business and Economics Review, Centre for Strategic and International Entrepreneurship at the Cracow University of Economics., vol. 5(3), pages 173-188.
    47. Donthu, Naveen & Kumar, Satish & Pattnaik, Debidutta, 2020. "Forty-five years of Journal of Business Research: A bibliometric analysis," Journal of Business Research, Elsevier, vol. 109(C), pages 1-14.
    48. Koen Frenken, 2017. "Political Economies and Environmental Futures for the Sharing Economy," Innovation Studies Utrecht (ISU) working paper series 17-01, Utrecht University, Department of Innovation Studies, revised Feb 2017.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Akbari, Morteza & Foroudi, Pantea & Khodayari, Maryam & Zaman Fashami, Rahime & Shahabaldini parizi, Zahra & Shahriari, Elmira, 2022. "Sharing Your Assets: A Holistic Review of Sharing Economy," Journal of Business Research, Elsevier, vol. 140(C), pages 604-625.
    2. Olga Lingaitienė & Virginija Grybaitė & Aurelija Burinskienė, 2022. "Core Elements Affecting Sharing Evidence from the European Union," Sustainability, MDPI, vol. 14(7), pages 1-21, March.
    3. Meijian Yang & Enjun Xia, 2021. "A Systematic Literature Review on Pricing Strategies in the Sharing Economy," Sustainability, MDPI, vol. 13(17), pages 1-28, August.
    4. Andreas Reuschl & Victor Tiberius & Matthias Filser & Yixin Qiu, 2022. "Value configurations in sharing economy business models," Review of Managerial Science, Springer, vol. 16(1), pages 89-112, January.
    5. Izabela Jonek-Kowalska & Radosław Wolniak, 2022. "Sharing Economies’ Initiatives in Municipal Authorities’ Perspective: Research Evidence from Poland in the Context of Smart Cities’ Development," Sustainability, MDPI, vol. 14(4), pages 1-22, February.
    6. Dabbous, Amal & Tarhini, Abbas, 2019. "Assessing the impact of knowledge and perceived economic benefits on sustainable consumption through the sharing economy: A sociotechnical approach," Technological Forecasting and Social Change, Elsevier, vol. 149(C).
    7. Zuzana Soltysova & Vladimir Modrak, 2020. "Challenges of the Sharing Economy for SMEs: A Literature Review," Sustainability, MDPI, vol. 12(16), pages 1-14, August.
    8. Manuel Sánchez-Pérez & Nuria Rueda-López & María Belén Marín-Carrillo & Eduardo Terán-Yépez, 2021. "Theoretical dilemmas, conceptual review and perspectives disclosure of the sharing economy: a qualitative analysis," Review of Managerial Science, Springer, vol. 15(7), pages 1849-1883, October.
    9. Rojanakit, Patcharapar & Torres de Oliveira, Rui & Dulleck, Uwe, 2022. "The sharing economy: A critical review and research agenda," Journal of Business Research, Elsevier, vol. 139(C), pages 1317-1334.
    10. Rong, Ke & Sun, Hui & Li, Dun & Zhou, Di, 2021. "Matching as Service Provision of Sharing Economy Platforms: An Information Processing Perspective," Technological Forecasting and Social Change, Elsevier, vol. 171(C).
    11. Yuya Mitake & Atsuto Nagayama & Yusuke Tsutsui & Yoshiki Shimomura, 2022. "Exploring Motivations and Barriers to Participate in Skill-Sharing Service: Insights from Case Study in Western Part of Tokyo," Sustainability, MDPI, vol. 14(9), pages 1-21, April.
    12. Francesco Pasimeni, 2020. "The Origin of the Sharing Economy Meets the Legacy of Fractional Ownership," SPRU Working Paper Series 2020-19, SPRU - Science Policy Research Unit, University of Sussex Business School.
    13. Xufeng Liu & Hongmin Chen, 2020. "Sharing Economy: Promote Its Potential to Sustainability by Regulation," Sustainability, MDPI, vol. 12(3), pages 1-13, January.
    14. Huichen Gao & Shijuan Wang, 2022. "The Intellectual Structure of Research on Rural-to-Urban Migrants: A Bibliometric Analysis," IJERPH, MDPI, vol. 19(15), pages 1-19, August.
    15. Valentin Clemens & Christopher Albert Sabel & Johann Nils Foege & Stephan Nüesch, 2022. "System Design Choice in the Sharing Economy: How Different Institutional Logics Drive Consumer Perception and Consumers’ Intention to Use Sharing Systems," Schmalenbach Journal of Business Research, Springer, vol. 74(2), pages 201-234, June.
    16. Arash Najmaei & Zahra Sadeghinejad, 2023. "Green and sustainable business models: historical roots, growth trajectory, conceptual architecture and an agenda for future research—A bibliometric review of green and sustainable business models," Scientometrics, Springer;Akadémiai Kiadó, vol. 128(2), pages 957-999, February.
    17. S. M. Shamsul Alam & Mohammad Abdul Matin Chowdhury & Dzuljastri Bin Abdul Razak, 2021. "Research evolution in banking performance: a bibliometric analysis," Future Business Journal, Springer, vol. 7(1), pages 1-19, December.
    18. Samar Abdalla & Joseph Amankwah-Amoah & Amgad Badewi, 2023. "Sharing-Economy Ecosystem: A Comprehensive Review and Future Research Directions," Sustainability, MDPI, vol. 15(3), pages 1-15, January.
    19. Hashemi, Hossein & Rajabi, Reza & Brashear-Alejandro, Thomas G., 2022. "COVID-19 research in management: An updated bibliometric analysis," Journal of Business Research, Elsevier, vol. 149(C), pages 795-810.
    20. Cabral, Natália Gomes Cavalcante & Gohr, Cláudia Fabiana, 2023. "Sustainable value creation in sharing economy: Conceptual framework proposition and application in Brazilian offline communities," Technological Forecasting and Social Change, Elsevier, vol. 186(PA).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:15:y:2023:i:5:p:4568-:d:1087149. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.